This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $71,295 initial cash invested.
-11.26%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$2,009
Rent
-$669
Cashflow
Cash Flow
$2,009 income − $2,678 expenses = $669 out of pocket
Investment Breakdown
|
Purchase Price
$340k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$71,295
Downpayment
20%
$67,900
Closing costs
1%
$3,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$2,678
Mortgage P&I
92%
$1,850
Property Taxes
9%
$184
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0